MRX Dividend Type Payments

Marex Group plc - Ordinary Shares dividend

Although MRX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Marex Group plc - Ordinary Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):

Marex Group plc - Ordinary Shares (MRX)
Bid Ask Last Change Volume P/E Market Cap
38.33 39.99 39.06 +0.87 780K 14 2.7B

MRX Dividend-Like Income Using Covered Calls

With MRX at 39.06, here's a table showing how big the annual "dividend" (i.e. total annual call premium received) would need to be to attain 3%, 5%, and 10% annual yields. Also shown is the equivalent number of cents/day necessary to achieve each yield:

Annual Yield Annual Premium Cents/Day
3% 1.17 0.3
5% 1.95 0.5
10% 3.91 1.1

So now we need to find out of the money covered calls that pay at least the prescribed cents/day amount of time premium. That will generate income and, because they are out of the money, leave room for some upside potential on the stock. Here are some examples:

3% Yield On MRX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 40.00 0.30 10 3.0 0.01 (0.0%)
Jan 16 40.00 1.30 38 3.4 0.01 (0.0%)
5% Yield On MRX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 40.00 0.30 10 3.0 0.01 (0.0%)
Jan 16 40.00 1.30 38 3.4 0.01 (0.0%)
10% Yield On MRX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 40.00 0.30 10 3.0 0.01 (0.0%)
Jan 16 40.00 1.30 38 3.4 0.01 (0.0%)

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